Senior Impairment Model Manager

The Vacancy

Reporting to the Head of Financial Control, the Senior Manager will provide strategic leadership of a team of manages and analysts to deliver the technical design of industry-leading IFRS 9 models:

Support the Head of function in designing and delivering an enhanced framework for IFRS 9 assessment, managing internal and external specialist / technical resources to ensure the successful delivery of fit for purpose models and processes.

Significant influence based on technical expertise on model design and management ensuring compliance to regulation, internal model management standards.

Provide excellent stakeholder management in and outside VBG, with a need to regularly liaise with Executive and senior management within VBG.

Success in role will lead to accuracy and efficiently in the manner within which VBG assesses impairment, and as such could have a material impact outside the function

The role requires extensive use of data interrogation techniques, statistical analysis, insightful conclusion, and influential communication.

Responsibilities:

Lead the IFRS 9 impairment model team in designing, developing, maintaining and monitoring industry standard impairment, models, applying advanced modelling approaches to deliver best practise results.

Maintain model management processes in line with Group model governance policy

Monitor and interpret impairment models performance, providing assurance the outcomes are reliable and in compliance with prevailing regulations.

Present impairment models to senior model stakeholders and governance

Through team, perform ad hoc analyses and provide evidence-supported recommendation to model stakeholders.

Lead and deliver in a fast-paced environment, with a focus on efficiency and best in class results.

Key point of contact for external auditors in relation to IFRS 9 models

Experience required:

Expert in IFRS 9 model development methodologies used for secured and unsecured credit products.

Experience of working for a banking organisation

Detailed understanding of effective model management principles.

Strong understanding of modelling methodologies, advanced approaches preferred, but not essential.

Demonstrable knowledge of stress testing modelling environments.

Significant experience in modelling, including demonstratable technical knowledge of IFRS 9 model design, development and management.

Excellent communication (written and verbal), influencing and negotiation skills being able to clearly communicate model methodologies to technical and non-technical senior and Executive stakeholders within the Bank and externally to the regulator and external audit

Track record of successfully designing & implementing credit models (IFRS 9, PD / LGD and stress testing)

Experience of managing stakeholder relationships

Knowledge of model risk governance framework, Model Risk Management principles etc.

Experience in an FCA regulated consumer lending environment (Experience of a dual-regulated FCA / PRA environment desirable but not essential).

Advanced range of statistical modelling and programming techniques

Strong understanding of statistical model validation and performance testing

Hands on coding language experience in any language – R/SAS/Python/Matlab/Stata/VBA; Expert in Excel

What We Offer

We don't just care about your work, we care about your health, wellbeing and life outside your working hours. That’s why we offer we offer flexibility, empathy, and a wide range of resources to help you navigate life’s ups and downs and feel your best. We encourage you to take ownership of your work-life blend, support others and make time to prioritise your wellbeing, our benefits include:

• Holidays: 25 days of annual leave (rising to 30 with service), and tailor your time off by buying or selling up to 5 extra days. Plus, with our flexible bank holiday policy, you can swap up to 4 days to celebrate what matters most to you—whether that’s skipping Easter or switching up your Christmas plans.
  
• Pension: We’ll boost your future with up to 10% employer contributions—because your tomorrow matters.
  
• Enhanced Leave: Enhanced maternity (post-probation) and 4 weeks paternity leave to paid neonatal and carers leave – we’ve got your back when it matters most.
  
• Workations: Why not take your laptop somewhere sunny? Work abroad for up to 20 days a year in approved countries. Yes, really.
  
• Paid Birthday Leave: Your birthday, your rules—take the day off and celebrate in style!
  
• Volunteering: 2 paid days a year to volunteer for a cause close to your heart.
  
• Learning & Development: Access to Learning for all colleagues – because your growth matters.
  
• Financial Wellbeing: Stay on top of your finances with a free Snoop Premium subscription.
  
• Healthcare: Take care of your wellbeing with our easy self-pay Denplan scheme for dental care and feel confident knowing you can also choose Private Medical Insurance for extra reassurance when it matters most.

The Benefits

Competitive base salary and rewards

Private Medical Insurance

25 days holiday entitlement

one day accrued for each year of service (max 30 days)

Defined contribution pension scheme

Discretionary bonus scheme

Perks at Work

A perks platform of over 30,000 unique discounts

Volunteering

2 paid days to support a charity of your choice

Flexible, hybrid, & dynamic working policies

Personal & career development opportunities

Monthly and Quarterly Colleague Socials

Discounted gym membership

BUPA GP Service

Workplace Gallery

Documents